Kim LLC Takes $8.68 Million Position in T1 Energy Inc $TE

Key Points

• Kim LLC bought 1,300,000 shares of T1 Energy (NYSE:TE) in Q4, a stake valued at about $8.68 million that makes TE its 26th largest holding and represents roughly 0.61% ownership of the company.
• Analyst views are mixed — T1 Energy has an average rating of "Moderate Buy" with a $7.83 average price target, but the company recently missed quarterly EPS expectations (reported -$0.87 vs. $0.03 consensus) and shows a negative net margin and return on equity.
• Institutional interest is notable: other funds (e.g., Round Rock Advisors, Adage, Bridgeway, MIRAE) initiated or increased positions recently, and institutions now own about 52.31% of the stock.

Kim LLC bought a new stake in shares of T1 Energy Inc (NYSE:TE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,300,000 shares of the utilities provider's stock, valued at approximately $8,684,000. T1 Energy accounts for approximately 0.7% of Kim LLC's holdings, making the stock its 26th largest position. Kim LLC owned approximately 0.61% of T1 Energy as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Round Rock Advisors LLC bought a new stake in shares of T1 Energy in the fourth quarter worth $1,199,000. Bridgeway Capital Management LLC bought a new position in T1 Energy during the 2nd quarter worth $224,000. Bank of America Corp DE acquired a new position in T1 Energy during the 2nd quarter worth about $49,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of T1 Energy in the 2nd quarter valued at about $984,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of T1 Energy in the 2nd quarter valued at about $103,000. Institutional investors and hedge funds own 52.31% of the company's stock.

Wall Street Analysts Forecast Growth

TE has been the topic of several analyst reports. Needham & Company LLC reduced their target price on T1 Energy from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, April 2nd. Zacks Research lowered shares of T1 Energy from a "hold" rating to a "strong sell" rating in a report on Friday, April 3rd. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of T1 Energy in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, T1 Energy presently has an average rating of "Moderate Buy" and an average price target of $7.83.

T1 Energy Price Performance

Shares of TE opened at $4.80 on Friday. The firm has a market cap of $1.34 billion, a PE ratio of -2.33 and a beta of 1.82. T1 Energy Inc has a 52-week low of $0.93 and a 52-week high of $9.78. The business's 50 day moving average price is $5.94 and its two-hundred day moving average price is $5.82. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.18 and a current ratio of 1.43.

T1 Energy (NYSE:TE - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported ($0.87) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.90). T1 Energy had a negative net margin of 48.11% and a negative return on equity of 173.39%. The company had revenue of $358.55 million during the quarter. During the same period in the prior year, the company earned ($2.59) EPS. On average, equities analysts anticipate that T1 Energy Inc will post -0.47 EPS for the current year.

About T1 Energy

T1 Energy Inc is an energy solutions provider building an integrated supply chain for solar and batteries. T1 Energy Inc , formerly known as FREYR Battery, is based in NEW YORK.

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